There are three types of liquidation. If the company is insolvent it could enter into a Creditors Voluntary Liquidation or Compulsory Liquidation. However if the company is solvent but circumstances dictate that it should be wound up it could enter into a Members Voluntary Liquidation

› Creditors Voluntary Liquidations [ CVL] - more...
› Compulsory Liquidations - more...
› Members Voluntary Liquidations [MVL] - more...

Wilson Field 'Fighting for Survival' PDF document

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